The entirety of the civilized world has agreed that climate change is one of the most challenging quandaries plaguing our modern day economic, social and environmental security. Due to the complex nature of climate change, several large scale initiatives have been introduced within developed nations in order to mitigate and reduce these harmful effects. These initiatives include programs for the advancement of renewable energies, increased technological advancement for the reduction of carbon pollution and training pipelines for more climate sustainable job opportunities.
However, the largest problem associated with these advancements stems from the issue of finance and funding: how do we accumulate the necessary monetary requirements for these programs to take off? The more critical issue within this dimension lies in access to these funds for developing nations to utilize for the production of these initiatives mentioned before. During my experience at the Model United Nations 2017 Conference B under the United Nations Environmental Assembly (UNEA), my fellow delegates and I engaged in intense research into crafting possible solutions to help solve this perplexing issue.
In order for developing nations to have access to the proper funds required to promote these kinds of initiatives, there must be increased global cooperation between Member States of the United Nations, but more fundamentally between nation states across the globe. Cooperation efforts must be consolidated to give necessary climate finance resources for developing nations in the realms of technology, renewable energy, job training pipelines and educational initiatives in order to reduce the effects of climate change. LDC countries contribute to climate change and also face the most risks associated with environmental damage in regard to climate change.
Among other things, our research showed that there must be greater efforts for the international community to come together for the purpose of sharing ideas between experts in the field of climate change for sound and proper solutions to be broadcast and promoted across the globe. In addition, our research pointed to the need to develop financial instruments and initiatives, such as advanced global funds, the use of climate bonds and the introduction of tax incentives and production tax credits for renewable energy and sustainable business practices in order to augment private sector development for the purpose of climate finance. Among other things, our research in NMUN's UNEA pointed to a greater involvement in the rest of the world to augment developing nations for the purpose of technology production.
